Santa Fe County, New Mexico home prices
Typical home $548,874 · +0.8% in a year · property tax 0.48%
The typical home in Santa Fe County is worth $548,874, 74% more than the New Mexico typical home ($315,812). Values changed +0.8% in the past year and +15.6% over five years. Homeowners here pay a median 0.48% of their home's value in property tax each year ($2,647 on the typical home), versus 0.63% statewide.
Mortgage on the typical Santa Fe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $109,775 | $439,099 | $2,954 | $0 | $495 | $3,449 | $147,800 |
| 10% down | $54,887 | $493,986 | $3,323 | $206 | $495 | $4,024 | $172,500 |
| 5% down | $27,444 | $521,430 | $3,508 | $217 | $495 | $4,220 | $180,900 |
| 3.5% down (FHA) | $19,211 | $538,932 | $3,625 | $243 | $495 | $4,363 | $187,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in New Mexico · part of the Santa Fe metro area.
New Mexico counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Los Alamos County | $579,389 | -0.7% | 0.55% |
| Taos County | $424,746 | -0.8% | 0.29% |
| Sandoval County | $373,280 | +0.6% | 0.73% |
| Bernalillo County | $347,674 | +1.7% | 0.9% |
| Lincoln County | $335,919 | -3.4% | 0.53% |
| Rio Arriba County | $331,139 | +2.3% | 0.42% |
| Valencia County | $318,413 | +2.9% | 0.62% |
| Dona Ana County | $285,351 | -0.6% | 0.67% |
| San Juan County | $273,559 | +6.8% | 0.68% |
| Eddy County | $247,965 | +3.1% | 0.52% |
Frequently asked questions
What is the average home price in Santa Fe County, NM?
The typical home value in Santa Fe County is $548,874 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Santa Fe County?
About $147,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Santa Fe County?
The median effective rate is 0.48% of home value a year (Census ACS 2024 5-year estimates).